I reached my FU number; I'm retiring at the end of this year. Information like this should be taught to young people in high school. It's not rocket science, but many Americans, old and not so young, don't know about it.
corporations have lobbied the government into keeping info like this from public school curriculum. the powers that be want their electorate working til we drop dead
@@nickgerr1991What a silly take. Not everyone would be rich, especially not overnight; rather, more people would be less destitute and deprived of what have become common basic human rights (as well as former basic rights that have been stripped over centuries, like claiming land as one’s own to cultivate and provide). A stronger lower and middle class is a better thing for everyone, even secretive gate keeping rich folk (and sympathetic upper class, too)✨
@@heretolearnCA there is a middle class. They're consumers. IPhone buyers. LV, Gucci buyers. Those who want to appear rich. Let them keep spending their money on trying to keep up appearances while the rest of us actually get rich behind the scenes. Consumer minded people deserve to never move up.
I hit my FU number a few years back. I love my job so I still have it. Someday they'll give me a beautiful FU day. I told them if they ever mess with my shift, I'm out. Half the time I take PTO, it's just an advanced notice I won't be there; I'm not asking permission nor caring if it gets approved lol.
I'm too lazy to calculate the numbers. Anything over $1 million is fine by me 😄 I live a frugal lifestyle in a Canadian city that still has an affordable cost of living and have my money in different investments.
I'm way past my FU number, but I love my job. Working in health care, and save lives every day, got a good team and boss, I can't imagine quitting. Tip to others: interviews go both ways, that team doesn't feel right, don't work there.
Having routine and purpose keeps you young and healthy. And yes, I learned the hard way that money isn't worth a toxic workplace. My next job i knew what to ask and red/ green flags to look for. It's great now. 😊
I made a little over $21 an hour at my last job. Most people let their job agree that 10 million was enough for them to call it quits and never work again.
You're a rich BFF. You're beautiful woman. This kind of advice should be taught in school, but they will not. WTH? But I listen to you all the time. And I am trying to do better. Financially. Susie orman ain't got nothing on you. 🤣
Then spending 4% of your portfolio assumes you’re much older. The size of your portfolio will continuously shrink but the idea is not to run out of money before you die. A more conservative way would be to divide by .02 because you could invest in a dividend growth fund like VIG that will give dividends that will keep up with inflation and you never have to touch the principle. If you are able to continuously invest in retirement and still have money to live your life then you have reached your number. You will get a raise every year without having to do anything.
How do you compute an fu number that holds up against inflation? I like the idea of doing a regression of rate of inflation based on historical rates, then adding the double integral of that regression from the present to some tentative time far in the future. That way you get a $ amount to aim for that considers inflation out into the future + hopefully some extra savings if you’re able to retire sooner than that distant future without necessarily locking yourself into having to wait a certain amount of time to capture the effect of inflation (which would defeat the purpose). If there’s a more simple or straightforward idea though I’d love to hear it
The least relatable part of this is the idea that people earning five figures a year can ever get to an FU number. And remember, most Americans earn five figures.
I wouldn't make 2.5m in my life so of you need that to retire GL with that.. I'd retire at 200k, start smth fun and practical before finding a place in the woods to do it 😅
4% yearly return is just the inflation. Probably better to buy physical gold and store it at a bank safe, because the gold price usually increases in rate with the inflation. If you don't have children and would be happy to "die with nothing", you would need 100.000 dollar in gold times the average number of remaining years of life + 15 years (to be on the safe side). The average female life expectancy in the US is 77. 77 + 15 = 92. Let's say you're 40 years old, that means you would need 52 x 100.000 dollar = 5.2 million in gold. If you also want to leave some gold for your children, add 2 or 3 million more. This however does not take into account that you would quickly get bored doing nothing, so you would likely get a hobby that - for most people that are able to acquire 5.2 million in the first place - eventually would be monetizable to some extent, allowing you to make maybe 30.000 dollars per year doing some photography, consulting, public speaking, teaching, selling books, etc.
That's FI number. FU number is when you can say fuck you from any situation like job or relationship and not worry about money for a while. Its not full blow financial independence
Who tf NEEDS 100k year 😂 Living on 20 lmao.. barely but.. doable if disciplined xL I realize gluttony is far worse than they made out but cmon my dragons.. 😅😂
Your parent/guardian can open an account with you now. You can open an account on your own when you're 18. Also open a high yield savings account (look into Betterment, Marcus by GS, etc) Money held in banks virtually earns 0% while HYSAs earn 4% interest.
Real world numbers are actually 10% return 3% inflation on average so 7% real return, so as she says 4% return is not only including inflation but it's also a conservative value to be on the safe side for the years the market is down. Money will last forever
Real world numbers are actually 10% return 3% inflation on average so 7% real return, so as she says 4% return is not only including inflation but it's also a conservative value to be on the safe side for the years the market is down
@robertcarter3234 when you don't include biggest inflation like housing, that 3% is meaningless. In the real world, especially if you want to rent and travel, inflation is closer to 10%.
I reached my FU number; I'm retiring at the end of this year. Information like this should be taught to young people in high school. It's not rocket science, but many Americans, old and not so young, don't know about it.
Yes. Kids should be taught the power of compounding money over time. Consistency makes millionaires not get rich quick schemes.
I'd rather keep that knowledge to myself. Not everyone should be rich.
corporations have lobbied the government into keeping info like this from public school curriculum. the powers that be want their electorate working til we drop dead
@@nickgerr1991What a silly take. Not everyone would be rich, especially not overnight; rather, more people would be less destitute and deprived of what have become common basic human rights (as well as former basic rights that have been stripped over centuries, like claiming land as one’s own to cultivate and provide). A stronger lower and middle class is a better thing for everyone, even secretive gate keeping rich folk (and sympathetic upper class, too)✨
@@heretolearnCA there is a middle class. They're consumers. IPhone buyers. LV, Gucci buyers. Those who want to appear rich. Let them keep spending their money on trying to keep up appearances while the rest of us actually get rich behind the scenes. Consumer minded people deserve to never move up.
I love when you act out the message!! I learn so much from you - weekly!!
Info Wise& useful! & MUCH appreciated!!! Thanku!!!
1.8 million. I want to retire young to a country with a low cost of living.
Take the inflation into a count. So go higher
I hit my FU number a few years back. I love my job so I still have it. Someday they'll give me a beautiful FU day. I told them if they ever mess with my shift, I'm out. Half the time I take PTO, it's just an advanced notice I won't be there; I'm not asking permission nor caring if it gets approved lol.
I'm far from my FU number but I love this for you. I shall live vicariously
It is wonderful the screen shot reminder with the equation at the end 🎉
the dream $3000/month live in beach home in philippines.
$36k /year x25
$900k
I told a friend that I hit my FU number years ago but I stay at work for sport.
That's the best way to work! 😅
Dear Vivian thank you for all your efforts in putting up this channel it is greatly appreciated blessings to you
I'm too lazy to calculate the numbers. Anything over $1 million is fine by me 😄 I live a frugal lifestyle in a Canadian city that still has an affordable cost of living and have my money in different investments.
I love your skits ❤❤❤
seen you on podcasts can you do caleb hammers financial audit
Thank you so much.I've always wanted to figure out how much my f u number is❤🎉🎉🎉
FU number leads to KMA Club membership . . . 😉
I'm way past my FU number, but I love my job. Working in health care, and save lives every day, got a good team and boss, I can't imagine quitting. Tip to others: interviews go both ways, that team doesn't feel right, don't work there.
Having routine and purpose keeps you young and healthy. And yes, I learned the hard way that money isn't worth a toxic workplace. My next job i knew what to ask and red/ green flags to look for. It's great now. 😊
How did u reach it?
What about health insurance??
Hi Maam Good Afternoon,
Minimum of 4 years only? Is that available in Asia?
I made a little over $21 an hour at my last job. Most people let their job agree that 10 million was enough for them to call it quits and never work again.
You're a rich BFF. You're beautiful woman. This kind of advice should be taught in school, but they will not. WTH? But I listen to you all the time. And I am trying to do better. Financially. Susie orman ain't got nothing on you. 🤣
I have an fu age. Its the age at which I can quit and live comfortably off my pension and SS. That number is 67. And its only 8 years away
Death says FU
@@ngf5077True. Thats one of the things that can screw up my plan.
But I’m not living my life worrying about it
Bummer. Just two short of the Big Time.
Woohoo. Your fu day is in sight ^_^
Then spending 4% of your portfolio assumes you’re much older. The size of your portfolio will continuously shrink but the idea is not to run out of money before you die. A more conservative way would be to divide by .02 because you could invest in a dividend growth fund like VIG that will give dividends that will keep up with inflation and you never have to touch the principle. If you are able to continuously invest in retirement and still have money to live your life then you have reached your number. You will get a raise every year without having to do anything.
How do you compute an fu number that holds up against inflation? I like the idea of doing a regression of rate of inflation based on historical rates, then adding the double integral of that regression from the present to some tentative time far in the future. That way you get a $ amount to aim for that considers inflation out into the future + hopefully some extra savings if you’re able to retire sooner than that distant future without necessarily locking yourself into having to wait a certain amount of time to capture the effect of inflation (which would defeat the purpose). If there’s a more simple or straightforward idea though I’d love to hear it
Thanks for sharing Viv!! Im curious how inflation/cost of living increases play out when figuring out an FU number? I wanna FU number!!! 🎉
Yes❤❤❤
this is how I plan - but the Trinity study has some shortcomings that make me nervous. and kids are expensive with a lot of unexpected costs
It's doable if you're comfortable using 2nd hand or live minimally.😊
Or just multiply your annual income by 25. That’s usually an easier calculation for most folks.
The least relatable part of this is the idea that people earning five figures a year can ever get to an FU number. And remember, most Americans earn five figures.
Teach me!!!
Otherwise multiply your yearly comfortable expenses by 25 years! 100k x25 = $2.5 mil
Less complicated.
technically mine is $825k but I'd probably quit my job now for $40k and either find another job or live in a micro home in remote area somewhere
I like your acting skills. 😄
I wouldn't make 2.5m in my life so of you need that to retire GL with that.. I'd retire at 200k, start smth fun and practical before finding a place in the woods to do it 😅
By watching and commenting on this video, you are helping this "poor girl" to reach her FU number ;)
I really needed to see this video. Crypto is going crazy, and I need to crunch some numbers.
Yes, pls...Show us how!!
Hi need sum advice
Dang $4.5M 😂 based on my calculations lol. California standard.
I'm at $4.5M, too. :(
I love this but does the F U number include inflation? So maybe 0.02?
Couldn't he sue for verbal harassment?
I want to learn
4% yearly return is just the inflation. Probably better to buy physical gold and store it at a bank safe, because the gold price usually increases in rate with the inflation. If you don't have children and would be happy to "die with nothing", you would need 100.000 dollar in gold times the average number of remaining years of life + 15 years (to be on the safe side). The average female life expectancy in the US is 77. 77 + 15 = 92. Let's say you're 40 years old, that means you would need 52 x 100.000 dollar = 5.2 million in gold. If you also want to leave some gold for your children, add 2 or 3 million more. This however does not take into account that you would quickly get bored doing nothing, so you would likely get a hobby that - for most people that are able to acquire 5.2 million in the first place - eventually would be monetizable to some extent, allowing you to make maybe 30.000 dollars per year doing some photography, consulting, public speaking, teaching, selling books, etc.
Since we're playing pretend, my fu number is 100 billion dollars
That's FI number. FU number is when you can say fuck you from any situation like job or relationship and not worry about money for a while. Its not full blow financial independence
Inflation?
I need 1.8 million to retire. I have less than 500k. 😂
❤❤❤😊❤❤❤
$6 million
Love me some you
you mean multiply ?
But for how many years?
Theoretically forever because if your money is earning 4% or more annually, then you’re only ever touching the interest and never the principle
I don’t need to because I’m just going to have daddy pay me my $10k/mo allowance every month forever
So, anyone got a spare 2.5mil
Who tf NEEDS 100k year 😂
Living on 20 lmao.. barely but.. doable if disciplined xL
I realize gluttony is far worse than they made out but cmon my dragons.. 😅😂
How can it hit my fu number?
Wawas on the floor Yummy Yummy Yummy Wimdy
Will you still be making videos in 7 years when I can start earning money or what age can you open a bank account
Your parent/guardian can open an account with you now.
You can open an account on your own when you're 18.
Also open a high yield savings account (look into Betterment, Marcus by GS, etc)
Money held in banks virtually earns 0% while HYSAs earn 4% interest.
Thank you this is helpful @@crystalg81
Inflation: " you've got ten years and counting left for you to go back to Steve "
Real world numbers are actually 10% return 3% inflation on average so 7% real return, so as she says 4% return is not only including inflation but it's also a conservative value to be on the safe side for the years the market is down. Money will last forever
This is Erika Kullbergs content style but information worth knowing for sure
Now dona real world number using 4% return with 10% inflation. To be fair, most ppl can live on EBT handout, so real FU number 0.
Real world numbers are actually 10% return 3% inflation on average so 7% real return, so as she says 4% return is not only including inflation but it's also a conservative value to be on the safe side for the years the market is down
@robertcarter3234 when you don't include biggest inflation like housing, that 3% is meaningless. In the real world, especially if you want to rent and travel, inflation is closer to 10%.
FU number. That phrase “FU” sounds VERY familiar… 🫠
😂